Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-11
THE B. AND O. DEAL.
Some Say II Is, Some Say 1t Is Not,
ana Both Have Equal Author
ity Behind Them.
Jay Gould Said to Be at the Bottom CT
It-what Robert Garrett Does
Say About It.
DIRECTORS VIEWS.

and also supposed 10 Dc III tuc sSAulCaIc
to which President Garrett of the Balti-
more and Ohio has offered the option OF
the purchase, said sfter the meeting of
the Richmond Terminal directors to-day:
eve have not decided get whether or not
we shall accept the offered option.
l greatly doubt if Lir. Garrett would
sell, except on condition that the
Baltimore and Ohio and Richmond Ter
minal be consolidated, making 5000
mile trunk line. As & Richmond Terminal
director | would like TO see this done,
provided the terms O. purchase are fair;
that is, if the price is low enough. So
far, have not made up my mind on that
point. l think none Of the directors nave
as yet. We received the proposition in
its present form only yesterday and sre
not decided on it,"
Another Richmond Terminal director
said it was not likely the company would
ACCEPT Mr.. CARROTS offer. but he thought
the syndicate in which he saw Messrs.
Bricv, Sully and Thomas are interested
would do so. This director said the
terms were So, O0O. 90 down and SIC, 000,-
600 in one wear, stock for that amount to
be held as security. The Richmond and
DanyilIe people, he said, consider the
figures altogether too high.
MANY OPINIONS.
NEW YORK, March 10 A Philadelphia
special says: There is a growing suspi-
cion here that the Consummati0n OF the
proposed purchase Of the Baltimore and
Ohio Railway control by SUily end his
syndicate may be delayed for several
months, and possibly not effected az all.
A member of the Morgsn-W elsb syndI-
cate, which is engaged in Teoi gaDizing
the Beading Railroad Company,
said to-day he knew Garrett
had for some time been DESTROYS
of turning over his interest in the Balti-
more and OaiO whenever he could find q
purchaser to conduct the company 20 the
advantage of the other share and security
holders. 1t was also we'll known that
negotiations looking to the purchase had
been in progress, but it was still doubted
whether anything more has been obtained
by Sully than an option TO buy Ce1talc
stock at certain figures.
Receiver Keim of the Reading said ne
knew of the negotiations, but is not IN
formed as to the outcome, a gentleman.
who knows whereof he speaks, saio to-
dav he was sure that President CoEbin
mad refused the Baltimore and OHIO
entrance into New York over the Reading
tracks, except on the same terms IS the
Pennsylvania had offered, and that an
agreement of this sort had been entered
into with President Roberts. In
view OF this he was inclined
to believe that Corhn and
the Reading people generally were not in-
terested in the present deal, bus that it
merely involved the Richmond Terminal
and its system OF roads in the south.
Suliy, he said it was quite likely, was
entirely willing that the impression
should 90 abroad that the Reading would
be benefited, becaU,e be IS known TO be
largely interested ia the securities Of the
company.
TALK Al BALTIMORE.
BALTIMORE, MD, March I0.-Much
discussion has been had here in the past
twentY.four hours in regard 10 the
rumOred sale OF the Baltimore and Ohio
Road. The 1900 shares Of Baltimore and
Ohio stock owned by the Johns
Hopkins University, is believed by many
to have been disposed Of. Several OF the
trustees were approached and they all
declined TO speak Of the matter. The
refusal of the trustees TO speak has lead
many to believe that the University has
sold its holdings.
Mr.. Garrett was shown the latest dis
patches from New York and after care
fully reading them, SMILED and said: 81
have nothing to say; when l do haye any
thing to give the press, will do 1t cheer
fully" While the general impression
here is that some sort of an arrangement
has been made for the surrender of the
control of the Baltimore and ONO
Railroad, it is positively stated
by gentleman who Is near
TO Garrett, that 10 agreement or
contract exists for such q transfer. He
at The same time stated that syndicate
will probably be formed, Of which Gar
rett will be member, for the working OF
such a railroad system as is spoken Of.
He further said there is no law to pre-
vent voting by proxy of all the shares
owned by the Garrett family and enough
others to make majority of the stock for
any deal the road authorities deem deslT-
able. He also said that $3.50 per share
had been offered and refused for a trans
| fer of the majority of the stock. 1t was
| said that an offer Of S6,000,000 had
been made for the Baltimore and Ohio
Telegraph Company and $4,000, COO fol
the express business, both Of which had
! been declined. The determined efusal Of
Garrett to confirm or deny any state
ments which have been made leaves the
people in anxiety. Those who have al
Raysbeen steuncb friends of the Baltimore
and Ohio Road will not believe any trans
fer of the control Of the road has been Of
| will be mace.
! GARRETT ADMITS SOMETHING.
/ BALTIMORE, Mp, March 10 -ROber
! Garrett this afternoon virtually admitted
to prominent Baltimorean that there
was considerable truth IN the
newspaper talk Of the big rail
road deal. He would give no definite
! idea of the particulars of the scheme
| but from his remarks an inference Wa!
drawn that the Baltimore and OHIO Rail
road has become 8 factor in syndicate
that is to control something like
national railway reaching from
| Canada to the Gulf Of Mexico, and prob
ablg from New York to the extreme west
1t is generally believed that the bigges
railroad deal on record has beer
or is about to be made, and tina
the passage of the Interstate commerce
bill hurried the affair to settlement
Mr.. Sully has been active il arranging
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